Mississippi Home Corporation First-Time Homebuyer Program

Mississippi Home Corporation

Available Down Payment

About This Program

Down payment assistance (DPA) and competitive mortgage rates for first-time homebuyers in Mississippi. Provides up to $5,000 or 3.5% of loan amount (whichever is less) as forgivable second mortgage for down payment and closing costs. Income and purchase price limits apply. Available through participating lenders.

Forgivable second mortgage for down payment assistance, forgiven after 5 years

Key Details

  • Up to $5,000 down payment assistance
  • Forgivable second mortgage after 5 years
  • Competitive below-market interest rates
  • Income and purchase price limits apply
  • First-time homebuyer or repeat buyer in target area

How to Apply

A grant-savvy contractor in Horn Lake, MS can handle the paperwork, inspections, and timelines so your funding releases on schedule. Getting matched is free.

Deadline: Ongoing subject to funding availability

Need a Contractor for This Grant?

Grant-approved contractors understand the documentation, inspections, and timelines, so your funding releases on schedule.

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